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'm coming from paris in new jersey. i work in staten island but yesterday going home i was very low on gas so i stop and then park first and after an hour and a half to two hours waiting, i got to the gas station, unfortunately out of gas, there was no more gas. >> reporter: so he was here this morning. now along with power outages at the retail station, there are also power outages at the storage terminals in new jersey so that means the gasoline that's in those terminals can't be delivered to the stations. in addition the port of new york and new jersey is closed so gas can't be imported through that port, it has to go through alternatives and trucked in. in order to provide some relief, governor chris christie has waived basically a rule that prevents gasoline stations here in new jersey from buying gas from out of state dealers so that should provide some relief for residents. nevertheless, the relief isn't expected to come any time soon. expect some gas lines for a few days to come. if there's any good news, prices here at the vince lombardi station are only about five cents above the
by 0.5% as is the cac in paris and germany. the dax is off by 0.8%. >>> back in the united states congress returns to session today, this is the lame duck session that is kicking off. legislators faced a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts that threatened to send the u.s. economy off a fiscal cliff. eamon javers, can we expect much? >> the lame duck session does begin today, as you say, and we can expect a lot this week, we'll see a lot of activity, if not real deal making, starting today let me walk you through the schedule of what will happen. congress is back today and also we're going to see the president of the united states meeting with progressive and labor leaders over at the white house, that's today. tomorrow we're going to see the president meeting with business leaders over at the white house, and we're also going to see the president hosting a press conference in which he'll take questions from reporters, remember his statement last week he didn't take questions. he's going to take some questions tomorrow and of course on frid
out buttons. >> i wasn't, but i was in paris and i went to abercrombie & fitch. and by the way, the store is unbelievable. unbelievable inside. >> bunch of freaks standing in line. weird looking people. >> because you walk and then they have models standing there without shirts on. >> weird-looking dudes and all young. maybe it's because they're young, that's why they look weird to me. revenue was $1.17 billion versus -- that's a big beat, though. and the guidance, 250 to 2.75, above where expectations were. that's a nice rebound. it had be been back in the 50s. and cisco reported 48 cents a share, 2 cents ahead of expectations, revenue was 11.88 billion, that was above expectations, as well, and that stock's getting a little bit of traction, still below 20. >>> still to come this morning, we do have breaking economic news, retail sales and ppi numbers coming out at 8:30. we'll get the numbers and tell you what they say about the upcoming holiday shopping season. >>> plus, venture capital meets the fiscal cliff. the man behind starters like tumblr and how technology companies a
like london and paris and frankfurt, and what's really important about being in those locations is it gives them an advantage over their competitors in that they're able to provide lower latency, able to provide a shorter distance from point a to point b for their customers. >> so that's something you like, and you've also been looking around at a pharmaceutical company in canada. what do you see there? >> yes, valiant pharmaceutical we think is a pretty interesting not your typical pharmaceutical company. when you think about a big pharma company you think about them spending a lot of money on r&d for drug development. that's not what valeant does. they're spending 3% instead of 20% on revenue. they're going out and they're finding interesting niche drugs and drug companies and acquiring them and they're cutting the expens expenses, plugging the drugs into their distribution and able to add a lot of shareholder value by doing that. >> so what first brought to you valeant? what made you find that company? >> we found it on a screen with our bottom up process we do a lot of scree
is pushing the eurozone into a new recession. oecd joining us from paris. good morning. we have a huge debate in this country about austerity and what it means. reading your new report, will seems to be a suggestion that the austerity in europe is actually holding things back. is that right? >> the thrust of the report shows that number one there is a need that the united states don't go over the fiscal cliff. but also that if you don't, there is growth in the united states and that in fact is the area that will be recovering faster. second, in the case of europe, good news, the greek package yesterday, thousand we still have to address institutional issues having to deal with countries under pressure like spain or italy, and of course solving the whole of the debt problems and getting all the elements of the machinery in place, a bazooka has to be fully loaded ready to fire, are made k markets have to know the bazooka is there in case there is greater volatility. but there is institutional progress, but we see a 2013, 4 2014 scenario of slow growth, sluggish growth, picking up a little in
. and it matters. thank you for make sure we know what's happening. >> do you go over to paris yet? >> no r, it's expensive. >> hitchhike. >>> coming up, you conditioned afford to wait until the opening bell rings. #. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reyno
Search Results 0 to 5 of about 6